"We're going to put a lot of coal miners and coal companies out of business."

[DINGO Joe]

It did get some play in WV (of course) and Hillary sent a letter to Manchin apologizing.  It's just not the kind of thing that'll resonate nationally because not only are there very few coal miners out there, but they're tightly clustered.  Plus unless you're a coal miner you either don't like or care about coal.

In a bit of ironic timing two major publicly traded coal companies, Peabody and Foresight (lol) issued statements yesterday that they can no longer make interest payments on their debt and may soon cease as ongoing concerns (bankruptcy).  Peabody got their butt in a crack chasing untold fortune selling met coal to China and all they've got to show for it is 6B in debt.  Foresight is more interesting because it's founder, "billionaire" Chris Cline (who occasionally dates Tiger Woods ex and also funneled $1 million dollars to Jeb's! Superpac! via a shell company) and "maverick" Bob Murray combined for one of the dumbest deals of the century.

http://www.bloomberg.com/news/articles/2016-03-14/two-coal-barons-one-overdue-bond-payment-and-the-end-of-an-era

Hopefully, Murray's gotten his butt far enough in the crack that he'll go bankrupt too.

[True Federalist (진정한 연방 주의자)]

If someone can pick up the met coal assets cheaply, it probably would be a good long term play. Not so much as something to put into production, but something to sell at a considerable profit to a sucker during the next met coal boom.

[DINGO Joe]

If someone can pick up the met coal assets cheaply, it probably would be a good long term play. Not so much as something to put into production, but something to sell at a considerable profit to a sucker during the next met coal boom.

Yes, yes, the buy low sell high business model certainly trumps (har) the buy high using lots of debt and go bankrupt business model.

Gotta give Jim Justice a little credit on that front as he sold some WV met coal mines to the Russians (Mechel) at the top of the market and bought them back last year for literally pennies on the dollar.  Of course, his companies have a nasty habit of not paying on time, so he ain't all roses and sunshine.